Palmer Square Capital BDC Inc. PSBD

9.83 (0.47) (4.56%) as of 25 Sep
Market cap
$315.1M
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 30.45%

Capital & Financial Ratios

Market Cap 315.10
Revenue 115.02
Net Income (30.74)
Free Cash Flow 123.57
Net Debt (721.28)
Current Ratio 1.56
Debt/Equity 0.97
P/E ratio 0.00
P/S ratio 2.65
P/B ratio 0.75
Past 5Y EPS Growth —
This Y EPS Growth (59.72%)
Next Y EPS Growth 1,023.23%
Next 5Y EPS Growth (2.94%)
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2027 Powerpack
2026 1.50
0.01
0.36
0.36
2025 1.59
0.03
0.06
0.06
0.36
2024 0.42
0.07
0.05
0.42
0.06
2023 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 1,111 1,410 1,207 1,116
Receivables 9 21 12 16
Inventory — — — —
Other 2 0 1 1
1,122 1,431 1,219 1,133
2023 2024 2025 Q'26
Payables 15 83 34 25
ST’ Debt 642 502 414 395
Other — — — —
660 893 755 726
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 37.33% 18.64%
Cash Flow — 0.00% 85.64%
Earnings — 0.00% 0.00%
Book Value — 12.89% 8.49%

Revenue

Mar Jun Sep Dec Year
’26 26 27 — — —
’25 31 32 32 30 124
’24 35 37 37 35 144
’23 26 27 29 30 112
’22 14 16 20 24 74
’21 10 8 9 13 40
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 29 21 — — —
’25 46 41 18 56 161
’24 (238) (1) 4 34 (201)
’23 28 (10) (2) 3 20
’22 (8) (6) 41 (1) 25
’21 (20) (5) (36) (377) (438)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 29 21 — — —
’25 46 41 18 56 161
’24 (238) (1) 4 34 (201)
’23 28 (10) (2) 3 20
’22 (8) (6) 41 (1) 25
’21 (20) (5) (36) (377) (438)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (1.19) 0.27 — — —
’25 (0.26) 0.22 0.10 (0.17) (0.10)
’24 0.72 0.16 0.23 0.37 1.47
’23 1.14 0.94 1.30 0.81 4.20
’22 (0.15) (2.85) (0.29) 0.07 (3.22)
’21 0.42 0.38 0.33 0.10 1.23
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — — — 15.20 11.51

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — — — 17.12 16.16
High Price
— — — — — — — 5 5 5
Employees
— — — — 0 0 0 22 29 25
Revenue/Emp
— — — — 25 40 74 112 144 124
Revenue
— — — — 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
— — — — 27 19 (74) 108 48 (3)
EBT
— — — — 104.97% 48.03% (99.98%) 96.09% 33.21% (2.55%)
EBT Margin
— — — — 27 19 (74) 108 48 (3)
Net Income
— — — — 0 1 1 1 2 2
Depreciation
— — — — 2.28 2.56 3.22 4.37 4.44 3.87
Revenue/Sh
— — — — 2.40 1.23 (3.22) 4.20 1.47 (0.10)
Earnings/Sh
— — — — (55.86) (28.27) 1.09 0.76 (6.20) 5.00
Cash Flow/Sh
— — — — 0.00 0.00 0.00 0.00 0.00 0.00
Capex/Sh
— — — — (55.86) (28.27) 1.09 0.76 (6.20) 5.00
Free CF/Sh
— — — — 22.69 29.22 15.71 17.97 16.62 14.44
Book Value/Sh
— — — — 11 15 23 26 32 32
Shares
— — — — 3.86 3.86 3.86 3.86 10.27 0.00
PE Ratio
— — — — 3.71 3.71 3.71 3.71 3.43 3.15
PS Ratio
— — — — 0.90 0.90 0.90 0.90 0.91 0.84
PB Ratio
— — — — (0.47) (0.47) (0.47) (0.47) (2.90) (3.22)
EV/Sales
— — — — (2.71) (2.71) (2.71) (2.71) 2.08 (2.49)
EV/FCF
— — — — (623) (438) 25 20 (201) 161
Op' Cash Flow
— — — — — — — — — —
Capex
— — — — (623) (438) 25 20 (201) 161
FCF
— — — — 253 453 363 462 538 464
Working Cap'
— — — — 393 650 641 642 502 414
Total Debt
— — — — (261) (545) (378) (469) (908) (792)
Net Debt
— — — — 253 453 363 462 538 464
Sh' Equity
— — — — 0.00% 2.02% (6.55%) 9.90% 3.73% (0.24%)
ROA
— — — — 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC
— — — — 0.00% 5.40% (18.25%) 26.13% 9.54% (0.63%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Palmer Square Capital BDC Inc. (PSBD) key facts

  • Palmer Square Capital BDC Inc. (PSBD) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
  • Palmer Square Capital BDC Inc.’s revenue for fiscal 2025 (year ended December 2025) was $124.4 million, down 13.3% from fiscal 2024.
  • Palmer Square Capital BDC Inc. reported a net loss of $3.2 million, or a loss of $0.10 per share, for fiscal 2025.
  • As of September 25, 2026, PSBD traded at $9.83, a market capitalization of $315.1 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 2.6× sales.
  • Return on equity was −0.63% and debt-to-equity 0.97.

Source: company filings (standardised) and stockrow calculations.

Palmer Square Capital BDC Inc. (PSBD) Latest News

News by impact score

Fine-tune

25 Sep

3

Palmer Square Capital BDC Inc (PSBD) announced a total quarterly dividend of $0.36 per share, with an ex-dividend date of 2026-09-25 and a payable date of 2026-10-13. PSBD is a U.S. externally managed, non-diversified business development company that invests mainly in corporate debt, including senior secured and unitranche loans, and earns income from interest, fees, dividends, and capital appreciation. Dividends have been paid quarterly since its 2024 IPO. Current trailing yield is about 14.5% and forward yield about 13.9%, signaling a likely step down in distributions. Payout data are limited (payout ratio shown as 0.00), while profitability and growth ranks stand at 2/10 each, despite a 3-year EPS growth rate near 65% per year. The analysis cautions that the high yield may outpace earnings power, urging monitoring of net investment income, credit quality, and portfolio performance to gauge sustainability. Very high yield is not supported by profitability and growth metrics, creating significant dividend sustainability risk despite recent earnings momentum.

22 Sep

4

Goldman Sachs is reportedly the lead bidder to acquire Palmer Square Capital Management, a Kansas-based credit-focused asset manager with about $37 billion in AUM, including a $27 billion CLO platform. The deal would immediately expand Goldman’s footprint in structured debt and add opportunistic, private credit, and a publicly traded business development company to its asset-management business. Discussions are ongoing and could still fail. Palmer Square, founded by Chris and Angie Long, is one of the largest CLO issuers as the U.S. CLO market has grown to about $1.3 trillion. Goldman’s stock fell about 1.9% on the news as the firm pursues targeted acquisitions to fill gaps in its product lineup following recent deals. Expansion of Goldman's CLO footprint and diversification would significantly alter both firms' strategic trajectories.

1 Sep

3

Palmer Square Capital BDC Inc. (PSBD) stock may rise if earnings estimates continue increasing. Rising earnings estimates may moderately affect PSBD share price and investor sentiment.

8 Aug

3

Palmer Square Capital BDC Inc. (PSBD) issued Q2 earnings call highlights covering financial results, portfolio performance, and management commentary on outlook. Q2 earnings details and guidance can shift near-term investor sentiment and valuation for PSBD.

5 Aug

3

Palmer Square Capital BDC Inc reported Q2 2026 earnings where net investment income matched the dividend, highlighting stable income generation and distribution capacity. Matching NII to dividend signals steady earnings power without signaling major strategic shifts or market disruptions.

3 transcript

Palmer Square Capital BDC Inc. held Q2 2026 earnings call covering quarterly results, portfolio performance and management commentary on outlook. Quarterly earnings disclosures supply updated financial metrics that can move near-term investor sentiment and share price.

3

Palmer Square Capital BDC Inc. beat estimates for both Q2 earnings and revenues. Beating Q2 earnings and revenue estimates can moderately influence the company's market perception and short-term stock performance.

3

Palmer Square Capital BDC Inc. released its second quarter 2026 financial results. Quarterly earnings releases deliver updated financial metrics that can shift short-term investor sentiment and valuation.

31 May

3

Palmer Square Capital BDC (PSBD) expands its stock buyback program, signaling increased management confidence in the company's value and prospects. Buyback expansion moderately supports share price and investor sentiment but does not change core operations or long-term trajectory.

21 May

3

Palmer Square Capital BDC Inc. increased the size and extended the duration of its stock repurchase program. Stock buyback expansion signals management confidence and provides direct share price support.

6 May

4 transcript

Palmer Square Capital BDC Inc. (PSBD) Q1 2026 earnings call transcript released. Q1 2026 earnings call details financial results, portfolio updates, and forward guidance significantly influencing PSBD's trajectory and investor sentiment.

4

Palmer Square Capital BDC Inc. (PSBD) reported Q1 earnings per share of $0.27, missing the $0.40 consensus estimate, and revenue of $15.1 million, below the $16.8 million forecast. Missing Q1 earnings and revenue estimates indicates operational underperformance that could erode investor confidence and pressure stock valuation significantly.

4

Palmer Square Capital BDC Inc. (PSBD) announced first quarter 2026 financial results. Quarterly earnings announcements directly affect PSBD's financial metrics, dividend policy, and stock valuation.

3

Palmer Square Capital BDC Inc. Q1 2026 earnings call summary details first-quarter financial performance, portfolio updates, investment activities, and forward-looking guidance for the business development company. Q1 earnings call summary impacts financial performance and investor sentiment through key metrics and outlook.

26 Feb

4

Palmer Square Capital BDC Inc. released Q4 2025 earnings call summary detailing financial performance, portfolio updates, and future outlook. Q4 earnings summary discloses core financial metrics and guidance pivotal to valuation and market trajectory.

4

Palmer Square Capital BDC Inc. (PSBD) Q4 2025 earnings call highlights detail strategies for navigating market challenges, covering financial performance, portfolio updates, and outlook. Earnings call highlights reveal financial results and strategic guidance that significantly shape investor sentiment and stock trajectory.

4 transcript

Palmer Square BDC (PSBD) earnings call transcript details financial results, portfolio performance, dividend declarations, and management's outlook. Earnings disclosures and guidance directly influence financial performance, investor sentiment, and stock trajectory.

4

Palmer Square Capital BDC Inc. (PSBD) missed Q4 earnings and revenue estimates. Missing Q4 earnings and revenue estimates signals financial underperformance likely to significantly pressure PSBD's stock price and investor sentiment.

4

Palmer Square Capital BDC Inc. announced its fourth quarter and full year 2025 financial results. Quarterly and annual financial results announcements significantly influence PSBD's stock price, investor sentiment, and future market performance.

27 Jan

3

Palmer Square Capital BDC Inc. has announced the release of its earnings for the fourth quarter and full year of 2025, along with details of an upcoming conference call to discuss the results. The earnings report is expected to provide insights into the company's financial performance and strategic direction. The earnings release and conference call may moderately influence investor sentiment and financial performance.

6 Nov

4

Palmer Square Capital BDC Inc. (PSBD) released its Q3 2025 earnings call summary, detailing financial performance, portfolio updates, and future outlook. Q3 2025 earnings call summary provides critical financial metrics and strategic insights directly impacting PSBD's valuation and investor sentiment.

5 Nov

4

Palmer Square Capital BDC Inc. (PSBD) reported Q3 earnings and revenue that exceeded analysts' expectations, indicating strong financial performance and effective management strategies. The results reflect the company's ability to navigate market challenges and capitalize on investment opportunities, potentially enhancing investor confidence and market position. Surpassing earnings and revenue estimates is likely to significantly impact investor sentiment and the company's future performance.

3 transcript

Palmer Square Capital BDC Inc. (PSBD) reported its latest earnings, highlighting key financial metrics and strategic initiatives. The company discussed its performance in the context of market conditions and outlined future growth plans. Management provided insights into portfolio management and risk assessment, emphasizing their commitment to delivering shareholder value. Overall, the earnings call reflected a positive outlook despite prevailing economic challenges. Earnings performance and strategic initiatives may moderately influence financial results and market sentiment.

3

Palmer Square Capital BDC Inc. (PSBD) reported its Q3 earnings, revealing key metrics that were compared to analysts' estimates. The results highlighted the company's financial performance and operational efficiency during the quarter, providing insights into its investment strategies and market positioning. The earnings report may moderately influence financial performance and market sentiment but is not expected to drastically change the company's trajectory.

3

Palmer Square Capital BDC Inc. reported its financial results for the third quarter of 2025, highlighting key metrics such as net investment income and changes in net asset value. The company emphasized its strategic initiatives and performance in the current market environment, providing insights into its operational efficiency and future outlook. The financial results indicate moderate changes in performance that could influence investor sentiment and operational aspects.

6 Oct

3

Palmer Square Capital BDC Inc. (PSBD) has announced the release of its third quarter 2025 earnings and will hold a conference call to discuss the results. The earnings release is scheduled for a specific date, and the conference call will provide insights into the company's financial performance and strategic direction. The earnings release and conference call may provide insights that could moderately influence investor sentiment and financial performance.

6 Aug

4

Palmer Square Capital BDC Inc. (PSBD) reported Q2 earnings and revenue that exceeded analysts' expectations, showcasing strong financial performance. The company attributed this success to effective investment strategies and a favorable market environment. As a result, PSBD's stock may experience positive momentum following these results. Surpassing earnings and revenue estimates indicates significant financial strength and could positively influence investor sentiment.

3

Palmer Square Capital BDC Inc. (PSBD) reported its Q2 earnings, revealing key metrics that were compared against Wall Street estimates. The results highlighted the company's financial performance and operational metrics, providing insights into its current standing in the market. Analysts are evaluating the implications of these earnings on PSBD's future trajectory and investor sentiment. The earnings report is expected to moderately influence financial performance and market sentiment.

3

Palmer Square Capital BDC Inc. reported its financial results for the second quarter of 2025, highlighting key metrics such as net investment income and changes in portfolio performance. The company noted an increase in total assets and a stable dividend payout, reflecting its ongoing commitment to shareholder returns. Management provided insights into market conditions and strategic initiatives aimed at enhancing growth and profitability in the coming quarters. The financial results indicate moderate improvements in performance and strategic direction that could influence investor sentiment.

29 May

4

Palmer Square Capital Management celebrates the 10-year anniversary of its CLO indices, which were launched on May 29, 2015. The Palmer Square CLO Senior Debt Index (CLOSE) and the Palmer Square CLO Debt Index (CLODI) provide daily performance benchmarks for CLO debt. In 2024, European CLO indices were introduced, and nearly 1,000 global subscribers now access these indices. Palmer Square has also launched an ETF (PSQA) in the U.S. and plans to introduce a similar product in Europe. The CLO market has grown significantly, reaching over $1 trillion in value. Palmer Square manages over $34.2 billion in fixed income/credit investments. The introduction of new products and the growth of the CLO market are likely to significantly impact Palmer Square's future performance and investor sentiment.

stockrow.com/PSBD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com